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@M-MTax wrote: @Opus 17 wrote: If you are not a schedule C self-employed investor, then your gains and losses are reported on schedule D as with any other capital gains and losses. Gains and losses from digital assets and other securities are never reported on Schedule C unless the taxpayer is a dealer thereof (where the assets/securities exchanged are treated as inventory).   There are only three categories: Investors, Traders, and Dealers. Those who qualify as "traders", generally report trades on Form 8949 (or Form 4797 with an MTM election); only relevant and related expenses are reported on Schedule C. If someone is a trader, can they deduct capital losses in excess of $3000 or is that still the limit?

If you have a home office and the door knobs were for that office the cost is deductible. If the replacement was for elsewhere in the home only the percentage deduction applied to your office is deductible. So if your percentage space for your office is 10%, 10% of the cost is deductible. 

To add to what Patricia said, it is possible that your state allows a miscellaneous itemized deduction, even though the federal return no longer allows it (for example, California). In this case, it is important to enter the K-1 Box 13 code AE properly in the tax return.    If you are using TurboTax Online for tax year 2024, you will be prompted during the Review to indicate if any of the Box 13 code AE is "Other taxes". Leave the amount blank and re-run the review. There should be a new error/flag that asks you to enter the amount of Box 13 code AE that is "Other miscellaneous itemized deductions (2% floor)". That is where you should enter the amount.   If you are using TurboTax Desktop for tax year 2024, you will hit a flag during the Review. It will ask you to enter a dollar amount on the appropriate lines, as shown below. In the example I've shown, you would enter the dollar amount in Code W to ZZ, in line 2, for "Other miscellaneous itemized deductions (2% floor)".     I hope this additional context is helpful!

Sorry you misunderstood.   You can not have a state tax due deducted from your federal refund.  NEVER.  You can only have the Turbo Tax fees deducted from your refund.  See,  Can I pay my state taxes from my federal refund?   Your only proof of payment is your bank statement or credit card showing the payment coming out.  Turbo Tax only passes your bank account number to the IRS or state for them to take it out of your account.  (Most states do not let you pay by Direct Debit so you have to mail in a check or go directly to the state's website to pay).  And some banks use different routing numbers for deposits and payments.  Double check the number you entered with your bank.   Check the printout or PDF of your return; look for the state cover sheet with the Turbotax logo.  If you owed tax, it will show the payment information and how/when you decided to pay.  Read the state payment instructions carefully since most states cannot be paid from within the TT system and requires additional steps.

@Opus 17 wrote: If you are not a schedule C self-employed investor, then your gains and losses are reported on schedule D as with any other capital gains and losses. Gains and losses from digital assets and other securities are never reported on Schedule C unless the taxpayer is a dealer thereof (where the assets/securities exchanged are treated as inventory).   There are only three categories: Investors, Traders, and Dealers. Those who qualify as "traders", generally report trades on Form 8949 (or Form 4797 with an MTM election); only relevant and related expenses are reported on Schedule C.

@Harmening Multiple users have posted to this thread, so it is hard to know what "same thing" happened to you.   If that "same thing" is that your Mac's OS is too old to meet the system requirements for 2024 desktop download software, this thread already has the remedies:   If you want to use TurboTax and your computer does not meet the system requirements and cannot be updated, your choice is to use online software instead.   If you already purchased the software and cannot use it, seek a refund: To request a refund for a TT product https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-refunds/request-refund-turbotax-product/L834M6uyW_US_en_US?uid=m6meybc2     You cannot use the license code for desktop software to pay for using online TurboTax.  

You have income from one state and live in another state.   So you will have two state returns to prepare.   They will have to be filed by mail. https://ttlc.intuit.com/community/state-taxes/discussion/multi-state-taxing-moves-other-state-tax-dues/00/3397200

@Bsch4477 thank you for this useful info!   would this alternative process work: Since IRS is asking me to fill out Form 8962 because my dependent daughter was on my partner's 1095-A form, but with allocation of 0% - then the premium tax credits would then apply entirely to my partner, correct? 

You will not be able to use TurboTax to prepare a "stand alone" state tax return.  When you use TT, the information flows from the federal return to the state return.   So....you are on your own to prepare a state return.     Try going to the state tax site(s) to see if you can prepare the return there, or seek local paid tax help.     https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0           As for amending the federal return you prepared somewhere else:     CAN I USE TURBOTAX TO AMEND IF THE RETURN WAS PREPARED SOMEWHERE ELSE?   If you did not use TurboTax to prepare your tax return, it is possible to amend the return using TurboTax but it will really be a pain.  It would be better to use the software or service used to file originally.  If a paid preparer made a mistake on your tax return, that tax preparer should do the amended return for you at no charge. In order to use TurboTax to amend your return, you need to purchase the desktop software for the tax year and re-create the return EXACTLY as it appeared when it was filed with the IRS/states.  Every line has to be the same.  Then you have to "trick" the software into thinking you filed by saying you will mail the return. (but do not mail it)   AFTER that, you use the software to prepare a Form 1040X, which has to be printed, signed and mailed to the IRS.  It takes the IRS about 4-6  months to process an amended return  

Cryptocurrency gains and losses are not reported on schedule C unless investing is your day to day business (you are a day trader and that is your job).   The requirements to be be considered a schedule C self-employed investor are complicated and I don't know them all.  Here is a quote from a previous expert answer: Traders Special rules apply if you're a trader in securities, in the business of buying and selling securities for your own account. The law considers this to be a business, even though a trader doesn't maintain an inventory and doesn't have customers. To be engaged in business as a trader in securities, you must meet all the following conditions: You must seek to profit from daily market movements in the prices of securities and not from dividends, interest, or capital appreciation; Your activity must be substantial; and You must carry on the activity with continuity and regularity. The following facts and circumstances should be considered in determining if your activity is a securities trading business: Typical holding periods for securities bought and sold; The frequency and dollar amount of your trades during the year; The extent to which you pursue the activity to produce income for a livelihood; and The amount of time you devote to the activity. If the nature of your trading activities doesn't qualify as a business, you're considered an investor and not a trader. It doesn't matter whether you call yourself a trader or a day trader, you're an investor. A taxpayer may be a trader in some securities and may hold other securities for investment. The special rules for traders don't apply to those securities held for investment. A trader must keep detailed records to distinguish the securities held for investment from the securities in the trading business. The securities held for investment must be identified as such in the trader's records on the day he or she acquires them (for example, by holding them in a separate brokerage account). https://ttlc.intuit.com/community/tax-credits-deductions/discussion/schedule-c-for-personal-investing/00/3083177   If you are not a schedule C self-employed investor, then your gains and losses are reported on schedule D as with any other capital gains and losses.  You can deduct losses up to the amount of your gains plus $3000, if your losses are more than that, they carry forward to the next year.   If you have already been working with a CPA, you should go back to them, you already paid for their advice and they have a duty to get it right for you.